ExlService (NASDAQ:EXLS) Releases FY24 Earnings Guidance

ExlService (NASDAQ:EXLS) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.61-$1.63 for the period, compared to the consensus estimate of $1.62. The company issued revenue guidance of $1.825-$1.835 billion, compared to the consensus revenue estimate of $1.82 billion. ExlService also updated its FY 2024 guidance to 1.610-1.630 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup raised their target price on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Robert W. Baird raised their target price on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. raised their target price on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Finally, Needham & Company LLC raised their target price on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, ExlService has an average rating of “Moderate Buy” and a consensus price target of $42.86.

ExlService Price Performance

Shares of NASDAQ:EXLS traded down $0.21 during midday trading on Friday, reaching $41.46. 202,720 shares of the company’s stock were exchanged, compared to its average volume of 943,851. The company’s 50 day simple moving average is $37.83 and its two-hundred day simple moving average is $33.73. The firm has a market capitalization of $6.69 billion, a PE ratio of 36.39, a price-to-earnings-growth ratio of 2.19 and a beta of 1.00. ExlService has a 12 month low of $26.15 and a 12 month high of $42.27. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.45 and a current ratio of 3.02.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. Equities research analysts expect that ExlService will post 1.28 earnings per share for the current fiscal year.

Insider Buying and Selling at ExlService

In other ExlService news, CEO Rohit Kapoor sold 35,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the completion of the transaction, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Vivek Jetley sold 2,015 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $35.75, for a total transaction of $72,036.25. Following the completion of the sale, the insider now directly owns 326,642 shares of the company’s stock, valued at $11,677,451.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Rohit Kapoor sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the sale, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 134,875 shares of company stock worth $4,716,859 over the last ninety days. Corporate insiders own 4.16% of the company’s stock.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.